Montenegrin Justice Minister Bojan Bozovic has ordered the extradition of Terraform Labs co-founder Do Kwon, additionally needed by South Korea, to the US, the ministry mentioned Friday.
A South Korean nationwide, Kwon is the previous CEO of South Korea-based Terraform Labs, the corporate behind the stablecoin TrraUSD that collapsed in Might 2022, roiling cryptocurrency markets.
He was arrested in March 2023 whereas making an attempt to go away Montenegro.
After the Supreme Court docket decided that every one authorized situations have been fulfilled to extradite Do Kwon, the justice ministry concluded that almost all authorized standards favored the US request so Bozovic signed a decree to ship him to the US, the ministry mentioned in an announcement.
